Loss Management in Business
1. Risk Assessment: Identify and evaluate potential risks.
2. Cost Control: Manage expenses to reduce unnecessary costs.
3. Insurance Coverage: Protect against unforeseen events.
4. Quality Management: Ensure high prod
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Anonymous 3
Hey I am on Medialย โขย 4m
Best thing to do is to periodically review and adapt these strategies as markets and risks evolve. Staying proactive beats being reactive in loss management
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Identify potential risks & opportunities before they become too big of a problem. Take proactive measures than reactive ones regarding management decisions in a business.
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